Articulated Bus Market Key Findings by 2031
The Articulated Bus Market is expected to register a CAGR of 5.2% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
Articulated Bus Market covers analysis By Articulation (Single Articulated, Double Articulated); Powertrain (Diesel, Electric, Hybrid) , and Geography (North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America)
Purpose of the ReportThe report Articulated Bus Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Articulated Bus Market Segmentation
By Articulation- Single Articulated
- Double Articulated;
- Diesel
- Electric
- Hybrid
Strategic Insights
Articulated Bus Market Growth Drivers- Increased Demand for Public Transportation: Rapid urbanization, particularly in emerging countries, is a major driver of growth in the articulated bus market. As cities and populations develop, there is an increasing demand for efficient, high-capacity public transit systems to alleviate traffic congestion and pollution. Articulated buses, which can transport a huge number of passengers, are a great alternative for densely populated urban regions. Their adaptability and ability to negotiate narrow city streets while providing high passenger capacity make them a popular choice for public transportation networks in major cities.
- Rising Focus on Passenger Comfort and Experience: Passenger comfort and experience are becoming more important factors in the deployment of articulated buses in cities. These buses are frequently outfitted with amenities like as air conditioning, ergonomic seating, and Wi-Fi, which improves the whole travel experience. As communities engage in enhancing public transportation to attract more riders, articulated buses provide a solution that combines high capacity and greater comfort. This focus on improving the customer experience, combined with the buses' ability to manage high numbers of passengers, is a major driver of the articulated bus market.
- Public-Private Partnerships (PPPs) in Public Transportation: PPPs are becoming increasingly common in the development and operation of public transportation systems, creating opportunities for manufacturers and service providers in the articulated bus industry. PPPs allow governments to work with private companies to fund, build, and run public transportation infrastructure, including the purchase of articulated buses. This concept may result in higher expenditures in contemporary, high-capacity buses, boosting the quality and efficiency of urban transportation systems. The expanding usage of this model drives the articulated bus market.
- Increased Adoption of Electric and Hybrid Articulated Buses: One of the most important trends in the articulated bus industry is the growing popularity of electric and hybrid articulated buses. With environmental concerns at the forefront of transportation policy, governments are turning to electric buses as a cleaner alternative to regular diesel buses. Electric articulated buses provide numerous benefits, including zero emissions, decreased running costs, and less noise pollution. Many cities, particularly in Europe and North America, are gradually moving to electric fleets, prompted by both environmental restrictions and customer demand for greener transportation options.
- Focus on Accessibility and Inclusivity: There is a rising movement to make public transit, particularly articulated buses, more accessible to all people, including those with disabilities. Many metropolitan public transportation systems now include features such as low-floor buses, accessible ramps, priority seating, and audio-visual systems for the hearing and visually handicapped. This trend stems from legislative obligations and a desire to make public transportation more inclusive. As cities strive to provide equitable and accessible transportation to all inhabitants, demand for articulated buses with enhanced accessibility features is expected to increase.
- Technological Innovations and Electrification of Articulated Buses: The electrification of public transportation creates major potential for the articulated bus industry. As governments and municipalities seek to decrease carbon emissions, the transition to electric articulated buses is gaining traction. Manufacturers are investing in the development of electric and hybrid articulated buses, which can cut long-term operating costs by lowering fuel and maintenance costs. The expansion of charging infrastructure for electric buses opens up new potential for market growth. Wireless charging systems and better battery technologies are examples of technological advances that can improve the efficiency and uptake of electric articulated buses.
- Integration of Smart Technology and Passenger Information Systems: Smart technologies are rapidly being integrated into articulated buses to improve operational efficiency and the passenger experience. GPS tracking, real-time passenger information systems, mobile ticketing, and Wi-Fi access are becoming standard features on modern articulated buses. These technologies enable passengers to better plan their journeys and assist operators in optimizing bus routes and schedules. Furthermore, the integration of sensors and telematics allows fleet managers to monitor vehicle performance, resulting in better maintenance plans and less downtime. The trend toward smart, connected public transportation is projected to continue, increasing the popularity of articulated buses.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Articulated Bus Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Articulated Bus Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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Frequently Asked Questions
The Articulated Bus Market is estimated to witness a CAGR of 5.2% from 2023 to 2031
The major factors driving the Articulated Bus Market are: Rising rapid urbanzation along with increasing investment by the government authorities to improve the public transportation is major driving factor for the market growth.
The high manufacturing cost for the articulated bus hinders the market growth.
The major players in the market includes AB Volvo, BYD Co. Ltd., CONSTRUCCIONES Y AUXILIAR DE FERROCARRILES S.A., IRIZAR SOCIEDAD COOPERATIVA, Iveco Group N.V, Koc Holding AS, Mercedes Benz Group AG, Tata Motors Ltd., Van Hool NV, and Volkswagen AG
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the customization options available based on the request are an additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Articulated Bus Market - By Articulation
1.3.2Articulated Bus Market - By Powertrain
1.3.3Articulated Bus Market - By Region
1.3.3.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.ARTICULATED BUS MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.ECOSYSTEM ANALYSIS
4.4.EXPERT OPINIONS
5.ARTICULATED BUS MARKET - KEY MARKET DYNAMICS
5.1.KEY MARKET DRIVERS
5.2.KEY MARKET RESTRAINTS
5.3.KEY MARKET OPPORTUNITIES
5.4.FUTURE TRENDS
5.5.IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6.ARTICULATED BUS MARKET - GLOBAL MARKET ANALYSIS
6.1.ARTICULATED BUS - GLOBAL MARKET OVERVIEW
6.2.ARTICULATED BUS - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING
7.ARTICULATED BUS MARKET - REVENUE AND FORECASTS TO 2028 â" ARTICULATION
7.1.OVERVIEW
7.2.ARTICULATION MARKET FORECASTS AND ANALYSIS
7.3.SINGLE ARTICULATED
7.3.1.Overview
7.3.2.Single Articulated Market Forecast and Analysis
7.4.DOUBLE ARTICULATED
7.4.1.Overview
7.4.2.Double Articulated Market Forecast and Analysis
8.ARTICULATED BUS MARKET - REVENUE AND FORECASTS TO 2028 â" POWERTRAIN
8.1.OVERVIEW
8.2.POWERTRAIN MARKET FORECASTS AND ANALYSIS
8.3.DIESEL
8.3.1.Overview
8.3.2.Diesel Market Forecast and Analysis
8.4.ELECTRIC
8.4.1.Overview
8.4.2.Electric Market Forecast and Analysis
8.5.HYBRID
8.5.1.Overview
8.5.2.Hybrid Market Forecast and Analysis
9.ARTICULATED BUS MARKET REVENUE AND FORECASTS TO 2028 â" GEOGRAPHICAL ANALYSIS
9.1.NORTH AMERICA
9.1.1North America Articulated Bus Market Overview
9.1.2North America Articulated Bus Market Forecasts and Analysis
9.1.3North America Articulated Bus Market Forecasts and Analysis - By Articulation
9.1.4North America Articulated Bus Market Forecasts and Analysis - By Powertrain
9.1.5North America Articulated Bus Market Forecasts and Analysis - By Countries
9.1.5.1United States Articulated Bus Market
9.1.5.1.1United States Articulated Bus Market by Articulation
9.1.5.1.2United States Articulated Bus Market by Powertrain
9.1.5.2Canada Articulated Bus Market
9.1.5.2.1Canada Articulated Bus Market by Articulation
9.1.5.2.2Canada Articulated Bus Market by Powertrain
9.1.5.3Mexico Articulated Bus Market
9.1.5.3.1Mexico Articulated Bus Market by Articulation
9.1.5.3.2Mexico Articulated Bus Market by Powertrain
9.2.EUROPE
9.2.1Europe Articulated Bus Market Overview
9.2.2Europe Articulated Bus Market Forecasts and Analysis
9.2.3Europe Articulated Bus Market Forecasts and Analysis - By Articulation
9.2.4Europe Articulated Bus Market Forecasts and Analysis - By Powertrain
9.2.5Europe Articulated Bus Market Forecasts and Analysis - By Countries
9.2.5.1Germany Articulated Bus Market
9.2.5.1.1Germany Articulated Bus Market by Articulation
9.2.5.1.2Germany Articulated Bus Market by Powertrain
9.2.5.2France Articulated Bus Market
9.2.5.2.1France Articulated Bus Market by Articulation
9.2.5.2.2France Articulated Bus Market by Powertrain
9.2.5.3Italy Articulated Bus Market
9.2.5.3.1Italy Articulated Bus Market by Articulation
9.2.5.3.2Italy Articulated Bus Market by Powertrain
9.2.5.4United Kingdom Articulated Bus Market
9.2.5.4.1United Kingdom Articulated Bus Market by Articulation
9.2.5.4.2United Kingdom Articulated Bus Market by Powertrain
9.2.5.5Russia Articulated Bus Market
9.2.5.5.1Russia Articulated Bus Market by Articulation
9.2.5.5.2Russia Articulated Bus Market by Powertrain
9.2.5.6Rest of Europe Articulated Bus Market
9.2.5.6.1Rest of Europe Articulated Bus Market by Articulation
9.2.5.6.2Rest of Europe Articulated Bus Market by Powertrain
9.3.ASIA-PACIFIC
9.3.1Asia-Pacific Articulated Bus Market Overview
9.3.2Asia-Pacific Articulated Bus Market Forecasts and Analysis
9.3.3Asia-Pacific Articulated Bus Market Forecasts and Analysis - By Articulation
9.3.4Asia-Pacific Articulated Bus Market Forecasts and Analysis - By Powertrain
9.3.5Asia-Pacific Articulated Bus Market Forecasts and Analysis - By Countries
9.3.5.1Australia Articulated Bus Market
9.3.5.1.1Australia Articulated Bus Market by Articulation
9.3.5.1.2Australia Articulated Bus Market by Powertrain
9.3.5.2China Articulated Bus Market
9.3.5.2.1China Articulated Bus Market by Articulation
9.3.5.2.2China Articulated Bus Market by Powertrain
9.3.5.3India Articulated Bus Market
9.3.5.3.1India Articulated Bus Market by Articulation
9.3.5.3.2India Articulated Bus Market by Powertrain
9.3.5.4Japan Articulated Bus Market
9.3.5.4.1Japan Articulated Bus Market by Articulation
9.3.5.4.2Japan Articulated Bus Market by Powertrain
9.3.5.5South Korea Articulated Bus Market
9.3.5.5.1South Korea Articulated Bus Market by Articulation
9.3.5.5.2South Korea Articulated Bus Market by Powertrain
9.3.5.6Rest of Asia-Pacific Articulated Bus Market
9.3.5.6.1Rest of Asia-Pacific Articulated Bus Market by Articulation
9.3.5.6.2Rest of Asia-Pacific Articulated Bus Market by Powertrain
9.4.MIDDLE EAST AND AFRICA
9.4.1Middle East and Africa Articulated Bus Market Overview
9.4.2Middle East and Africa Articulated Bus Market Forecasts and Analysis
9.4.3Middle East and Africa Articulated Bus Market Forecasts and Analysis - By Articulation
9.4.4Middle East and Africa Articulated Bus Market Forecasts and Analysis - By Powertrain
9.4.5Middle East and Africa Articulated Bus Market Forecasts and Analysis - By Countries
9.4.5.1South Africa Articulated Bus Market
9.4.5.1.1South Africa Articulated Bus Market by Articulation
9.4.5.1.2South Africa Articulated Bus Market by Powertrain
9.4.5.2Saudi Arabia Articulated Bus Market
9.4.5.2.1Saudi Arabia Articulated Bus Market by Articulation
9.4.5.2.2Saudi Arabia Articulated Bus Market by Powertrain
9.4.5.3U.A.E Articulated Bus Market
9.4.5.3.1U.A.E Articulated Bus Market by Articulation
9.4.5.3.2U.A.E Articulated Bus Market by Powertrain
9.4.5.4Rest of Middle East and Africa Articulated Bus Market
9.4.5.4.1Rest of Middle East and Africa Articulated Bus Market by Articulation
9.4.5.4.2Rest of Middle East and Africa Articulated Bus Market by Powertrain
9.5.SOUTH AND CENTRAL AMERICA
9.5.1South and Central America Articulated Bus Market Overview
9.5.2South and Central America Articulated Bus Market Forecasts and Analysis
9.5.3South and Central America Articulated Bus Market Forecasts and Analysis - By Articulation
9.5.4South and Central America Articulated Bus Market Forecasts and Analysis - By Powertrain
9.5.5South and Central America Articulated Bus Market Forecasts and Analysis - By Countries
9.5.5.1Brazil Articulated Bus Market
9.5.5.1.1Brazil Articulated Bus Market by Articulation
9.5.5.1.2Brazil Articulated Bus Market by Powertrain
9.5.5.2Argentina Articulated Bus Market
9.5.5.2.1Argentina Articulated Bus Market by Articulation
9.5.5.2.2Argentina Articulated Bus Market by Powertrain
9.5.5.3Rest of South and Central America Articulated Bus Market
9.5.5.3.1Rest of South and Central America Articulated Bus Market by Articulation
9.5.5.3.2Rest of South and Central America Articulated Bus Market by Powertrain
10.INDUSTRY LANDSCAPE
10.1.MERGERS AND ACQUISITIONS
10.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3.NEW PRODUCT LAUNCHES
10.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11.ARTICULATED BUS MARKET, KEY COMPANY PROFILES
11.1.VOLVO AB
11.1.1.Key Facts
11.1.2.Business Description
11.1.3.Products and Services
11.1.4.Financial Overview
11.1.5.SWOT Analysis
11.1.6.Key Developments
11.2.ASHOK LEYLAND
11.2.1.Key Facts
11.2.2.Business Description
11.2.3.Products and Services
11.2.4.Financial Overview
11.2.5.SWOT Analysis
11.2.6.Key Developments
11.3.SCANIA GROUP
11.3.1.Key Facts
11.3.2.Business Description
11.3.3.Products and Services
11.3.4.Financial Overview
11.3.5.SWOT Analysis
11.3.6.Key Developments
11.4.SOLARIS BUS AND COACH CO.
11.4.1.Key Facts
11.4.2.Business Description
11.4.3.Products and Services
11.4.4.Financial Overview
11.4.5.SWOT Analysis
11.4.6.Key Developments
11.5.PROTERRA INC.
11.5.1.Key Facts
11.5.2.Business Description
11.5.3.Products and Services
11.5.4.Financial Overview
11.5.5.SWOT Analysis
11.5.6.Key Developments
11.6.EBUSCO BV
11.6.1.Key Facts
11.6.2.Business Description
11.6.3.Products and Services
11.6.4.Financial Overview
11.6.5.SWOT Analysis
11.6.6.Key Developments
11.7.DAIMLER AG
11.7.1.Key Facts
11.7.2.Business Description
11.7.3.Products and Services
11.7.4.Financial Overview
11.7.5.SWOT Analysis
11.7.6.Key Developments
11.8.ALEXANDER DENNIS
11.8.1.Key Facts
11.8.2.Business Description
11.8.3.Products and Services
11.8.4.Financial Overview
11.8.5.SWOT Analysis
11.8.6.Key Developments
11.9.NEW FLYER
11.9.1.Key Facts
11.9.2.Business Description
11.9.3.Products and Services
11.9.4.Financial Overview
11.9.5.SWOT Analysis
11.9.6.Key Developments
11.10.OTOKAR OTOMOTIV VE SAVUNMA SANAYI A.?.
11.10.1.Key Facts
11.10.2.Business Description
11.10.3.Products and Services
11.10.4.Financial Overview
11.10.5.SWOT Analysis
11.10.6.Key Developments
12.APPENDIX
12.1.ABOUT THE INSIGHT PARTNERS
12.2.GLOSSARY OF TERMS
1. Volvo AB
2. Ashok Leyland
3. Scania Group
4. Solaris Bus and Coach Co.
5. Proterra Inc.
6. EBUSCO BV
7. Daimler AG
8. Alexander Dennis
9. New Flyer
10. OTOKAR Otomotiv ve Savunma Sanayi A..
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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